Description

Features

A supplementary text for a variety of Business courses, including Financial Statement Analysis, Principles of Financial Accounting, Intermediate Accounting, Investments, Personal Finance, and Financial Planning and Analysis.

Fraser and Ormiston take students behind the financial reports to assess the real financial condition and performance of U.S. companies.

Understanding Financial Statements, retains its reputation for readability, concise coverage, and accessibility, and gives students the conceptual background and analytical tools necessary to understand and interpret business financial statements. Its ultimate goal is to improve students' ability to translate financial statement numbers into a meaningful map for business decisions and enable each student to approach financial statements with enhanced confidence.

The ninth edition incorporates the many new requirements and changes in accounting reporting and standards that provide students with the information they need to know in today’s ever-evolving world of business finance.

Valuable Resources: This text contains everything a student needs to enhance their understanding of key topics including:

• Self-tests at the end of chapters with solutions provided
• Chapter-end study questions and problems
• Glossary of key terms available in the index.

Footnotes: Throughout the text footnotes provide resources that may be used by instructors to form the basis of a reading list for students

NEW! Updated Examples, Study Questions and Problems: All chapters include updated coursework that is relevant to today’s student and better illustrates accounting concepts and the current accounting environment.

NEW! Chapter 1: Includes updated discussions on the impact of Sarbanes-Oxley Act of 2002 in relation to the auditor’s role, the future accounting rules and financial reporting standards, as the Financial Accounting Standards Board and International Accounting Standards Board work toward a convergence of accounting rules.

NEW! Chapter 2: More detail on inventory methods have been added to the chapter and include the depreciation example, previously used in Chapter 1, where it blends with the discussion of fixed assets.

NEW! Chapter 3: Better reflects the recent changes in accounting standards.

NEW! Chapter 5: The checklist for earnings quality has been updated and new examples for each item on the checklist are included.

NEW! Updated problems in writing skills, Internet, research and Intel: The problems from the previous edition have been updated based on the 2007 annual report. The Intel problems specifically, offer the student the opportunity to analyze a real, high-tech company throughout the text.

NEW! Updated Comprehensive Analysis Problem: At the end of each chapter problems based on the Eastman Kodak 2007 Form 10-K and Annual Report illustrate how to complete a financial statement analysis using the template available online www.prenhall.com/fraser.

NEW! Cases: Up-to-date cases based on real-world companies have been incorporated into the new edition.

New To This Edition

NEW! Updated Examples, Study Questions and Problems: All chapters include updated coursework that is relevant to today’s student and better illustrates accounting concepts and the current accounting environment.

NEW! Chapter 1: Includes updated discussions on the impact of Sarbanes-Oxley Act of 2002 in relation to the auditor’s role, the future accounting rules and financial reporting standards, as the Financial Accounting Standards Board and International Accounting Standards Board work toward a convergence of accounting rules.

NEW! Chapter 2: More detail on inventory methods have been added to the chapter and include the depreciation example, previously used in Chapter 1, where it blends with the discussion of fixed assets.

NEW! Chapter 3: Better reflects the recent changes in accounting standards.

NEW! Chapter 5: The checklist for earnings quality has been updated and new examples for each item on the checklist are included.

NEW! Updated problems in writing skills, Internet, research and Intel: The problems from the previous edition have been updated based on the 2007 annual report. The Intel problems specifically, offer the student the opportunity to analyze a real, high-tech company throughout the text.

NEW! Updated Comprehensive Analysis Problem: At the end of each chapter problems based on the Eastman Kodak 2007 Form 10-K and Annual Report illustrate how to complete a financial statement analysis using the template available online www.prenhall.com/fraser.

NEW! Cases: Up-to-date cases based on real-world companies have been incorporated into the new edition.

Table of Contents

Chapter 1 Financial Statements: An Overview

Chapter 3 Income Statement and Statement of Stockholders’ Equity

Chapter 4  Statement of Cash Flows

Appendix 4A Statement of Cash Flows–Direct Method

Chapter 5 A Guide to Earnings and Financial Reporting Quality

Chapter 6 The Analysis of Financial Statements

Appendixes

Courses

Financial Statement Analysis  [SUPPLEMENTAL/VALUE PACK ITEMS]   (Finance)
Intermediate Accounting (2 or 3 semesters)  [SUPPLEMENTAL/VALUE PACK ITEMS]   (Accounting & Taxation)
Financial Reporting/Financial Statement Analysis  [CORE TEXTS]   (Accounting & Taxation)
Undergraduate Corporate Finance  [SUPPLEMENTAL/VALUE PACK ITEMS]   (Finance)
Introduction to Financial Accounting  [SUPPLEMENTAL/VALUE PACK ITEMS]   (Accounting & Taxation)

Previous Edition(s)

• Understanding Financial Statements, 8/E
  Fraser & Ormiston
  ©2007  |  Prentice Hall  |  Paper; 304 pp  |  Out of Print
  ISBN-10: 0131878565  |  ISBN-13: 9780131878563
    Brief Description  | 

  

  A supplementary text for a variety of Business courses, including Financial Statement Analysis, Principles of Financial Accounting, Intermediate Accounting, Investments, Personal Finance, and Financial Planning and Analysis.

   

  Understanding Financial Statements, retains its reputation for readability, concise coverage, and accessibility while incorporating the many new requirements and changes in accounting reporting and standards. The text gives students the conceptual background and analytical tools necessary to understand and interpret business financial statements. Its ultimate goal is to improve students' ability to translate financial statement numbers into a meaningful map for business decisions and thus enable each student to approach financial statements with enhanced confidence.

  More Info
  

Next Edition(s)

• Understanding Financial Statements, 10/E
  Ormiston & Fraser
  ©2013  |  Prentice Hall  |  Cloth; 304 pp  |  Instock
  ISBN-10: 0132655063  |  ISBN-13: 9780132655064
  URL:  http://www.pearsonhighered.com/fraserSuggested retail price: $108.00  Buy from myPearsonStoreNet price: $81.00  (What's this?)Brief Description  | 

  

  A supplementary text for a variety of Business courses, including Financial Statement Analysis, Investments, Personal Finance, and Financial Planning and Analysis.

   

  Fraser and Ormiston take students behind the financial reports to assess the real financial condition and performance of U.S. companies.

   

  Understanding Financial Statements, retains its reputation for readability, concise coverage, and accessibility, and gives students the conceptual background and analytical tools necessary to understand and interpret business financial statements. Its ultimate goal is to improve students' ability to translate financial statement numbers into a meaningful map for business decisions and enable each student to approach financial statements with enhanced confidence.

  More Info
  

Companion WebSite for Understanding Financial Statements, 9/E
Ormiston
©2010  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0136086276  |  ISBN-13: 9780136086277
This online resource is available at no cost at http://www.pearsonhighered.com/fraser.
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Excel Template for Understanding Financial Statements, 9/E
Ormiston & Fraser
©2010  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130000051  |  ISBN-13: 9780130000057

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PowerPoint Presentation (Download only) for Understanding Financial Statements, 9/E
Ormiston
©2010  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 013608625X  |  ISBN-13: 9780136086253

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Solutions Manual/Instructor's Manual (Download only) for Understanding Financial Statements, 9/E
Ormiston
©2010  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0136086292  |  ISBN-13: 9780136086291

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Test Item File (Download only) for Understanding Financial Statements, 9/E
Ormiston
©2010  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0136086284  |  ISBN-13: 9780136086284

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Companion WebSite for Understanding Financial Statements, 9/E
Ormiston
©2010  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0136086276  |  ISBN-13: 9780136086277
This online resource is available at no cost at http://www.pearsonhighered.com/fraser.
More Info

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Companion WebSite for Understanding Financial Statements, 9/E
Ormiston
©2010  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0136086276  |  ISBN-13: 9780136086277
This online resource is available at no cost at http://www.pearsonhighered.com/fraser.
More Info

A-1 Photography Practice Set - Manual Version, 3/E
Sineath & Insinga
©1999  |  Prentice Hall  |  Paper; 125 pp  |  Instock
ISBN-10: 0130803103  |  ISBN-13: 9780130803108
Suggested retail price:  $60.00    Buy from myPearsonStoreNet price: $45.00  (What's this?)More Info

Getting Started with Peachtree 8.0
Osteraa
©2002  |  Prentice Hall  |  Paper; 70 pp  |  Instock
ISBN-10: 0130622648  |  ISBN-13: 9780130622648
Suggested retail price:  $28.00    Buy from myPearsonStoreNet price: $21.00  (What's this?)More Info

International Financial Reporting Standards (IFRS) Tips
Pearson
©2010  |  Prentice Hall  |  Access Code Card  |  Instock
ISBN-10: 0136100899  |  ISBN-13: 9780136100898
Suggested retail price:  $7.00    Buy from myPearsonStoreNet price: $5.25  (What's this?)More Info

Math Tips for Accounting
Pearson
©2010  |  Prentice Hall  |  Paper  |  Instock
ISBN-10: 0136112285  |  ISBN-13: 9780136112280
Suggested retail price:  $6.67    Buy from myPearsonStoreNet price: $5.00  (What's this?)More Info

PH Accounting Excel Tips, 6/E
Harrison
©2006  |  Prentice Hall  |  Paper; 1 pp  |  Instock
ISBN-10: 0131499653  |  ISBN-13: 9780131499652
Suggested retail price:  $0.00Net price: $0.00  (What's this?)More Info

Understanding Sarbane-Oxley Act of 2002: Impacting the Accounting Profession
Beasley & Elder
©2005  |  Prentice Hall  |  Paper; 56 pp  |  Instock
ISBN-10: 0131855263  |  ISBN-13: 9780131855267
Suggested retail price:  $46.67    Buy from myPearsonStoreNet price: $35.00  (What's this?)More Info

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FinCoach 2.0: CD-ROM Edition
Handa
©2002  |  Prentice Hall  |  CD-ROM Only  |  Instock
ISBN-10: 0130606189  |  ISBN-13: 9780130606181
Suggested retail price:  $60.00    Buy from myPearsonStoreNet price: $45.00  (What's this?)More Info

Research Navigator: Resources for College Research
Pearson
©2006  |  Prentice Hall  |  Paper  |  Instock
ISBN-10: 0321186079  |  ISBN-13: 9780321186072
Suggested retail price:  $40.60    Buy from myPearsonStoreNet price: $40.60  (What's this?)More Info

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Companion WebSite for Understanding Financial Statements, 9/E
Ormiston
©2010  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0136086276  |  ISBN-13: 9780136086277
This online resource is available at no cost at http://www.pearsonhighered.com/fraser.
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  ISBN-10: 0136096557  |  ISBN-13: 9780136096559
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• Understanding Financial Statements, CourseSmart eTextbook, 9/E
  Ormiston & Fraser
  ©2010  |  Prentice Hall  |  Electronic Book; 304 pp  |  Available
  ISBN-10: 0136086322  |  ISBN-13: 9780136086321
  Online purchase price: $42.99Brief Description  | 

  

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